B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30
Money Management I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD.
Position Sizing 1 Tick = $1000 1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons) It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000 To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con